LOL, what a maroon...
Michael Avenatti arrested on federal charges of wire fraud and extortionThe U.S. attorney in Los Angeles announced Avenatti faces bank and wire fraud charges in the Central District of California for allegedly embezzling money from a client and defrauding a bank through fake tax returns.
The U.S. attorney for the Southern District of New York announced separate charges that Avenatti allegedly tried to extort Nike for $20 million.
In the California case, prosecutors allege Avenatti negotiated a $1.6 million settlement for a client but lied about when the payment was due to be made, telling the client it was coming two months later than it actually did. Prosecutors say he used the money in the intervening months to pay expenses for his coffee business and personal use.